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Nov 7, 2012
11/12
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obama's in again. likelihood of a continuation of qe could be pushing that up. >> that's what you're looking at. i'm looking at bank of america. worst performer in the dow right now. okay, listen. tougher financial regulation, maybe, maybe not. elizabeth warren in the senate. we know how tough she's been. >> big consumer advocate. >> she can be tougher. will there be lawsuits against countrywide? will there be more litigation? bank of america getting crushed. that's a stock to watch. >> thank you so much for watching. we're currently very much in the red with the dow down by 2%. >> keep it here
obama's in again. likelihood of a continuation of qe could be pushing that up. >> that's what you're looking at. i'm looking at bank of america. worst performer in the dow right now. okay, listen. tougher financial regulation, maybe, maybe not. elizabeth warren in the senate. we know how tough she's been. >> big consumer advocate. >> she can be tougher. will there be lawsuits against countrywide? will there be more litigation? bank of america getting crushed. that's a stock to...
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Nov 12, 2012
11/12
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with president obama's relection last week, it could be four more years before this happens. since the president hasn't done anything to promote this cleaner, more abundant fuel that is, well, let's just put it this way, it's certainly a lot better than importing diesel which brings me to west it is port innovations. they make the technology that allows engines to run on natural gas. they have the best tech in the business. the world's number top engine maker and another with caterpillar. westport stock has been savaged over the last couple months. the company preannounced disappointing results at the end of october. last wednesday it got hit by a sell initiation from goldman sachs, brutal. the very next day reported a larger than expected loss. after getting pounded down to the low 20s, they rebounded on friday. rallied more than 9%. the company announce the they would start producing the first long haul truck engine next year. that can be a sign that maybe things bottomed. long term the stock has given us a double since i first got behind it in january 2010. but now it's do
with president obama's relection last week, it could be four more years before this happens. since the president hasn't done anything to promote this cleaner, more abundant fuel that is, well, let's just put it this way, it's certainly a lot better than importing diesel which brings me to west it is port innovations. they make the technology that allows engines to run on natural gas. they have the best tech in the business. the world's number top engine maker and another with caterpillar....
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Nov 30, 2012
11/12
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obama and mr. boehner? >> it depends on what the headlines are. so the president said the clear majority voted for a balanced approach. but there's a lot of debate about what that means. representative boehner i thought was much more into fighting words over there. listen to what he said. increasing the tax rates is the wrong approach to take. he said there was a stalemate in the talks with the white house. look at the dow industrials. we did move down around 25, 30 points as his comments came out. he said we're almost nowhere in the talks. sitting right near the lows for the day. if you look at the overall sectors that are moving today, pretty much balanced on either side. pretty much even on the balance-decline line. worries about higher taxes on dividend paying stocks seem to be -- >> lows for the day but not violent downstrokes here. >> i think the problem is we'll have trouble moving into positive territory at the close. a lot of concerns about headline risks over the weekend. we could be down 10, 15 on the s&p monday morning on something tha
obama and mr. boehner? >> it depends on what the headlines are. so the president said the clear majority voted for a balanced approach. but there's a lot of debate about what that means. representative boehner i thought was much more into fighting words over there. listen to what he said. increasing the tax rates is the wrong approach to take. he said there was a stalemate in the talks with the white house. look at the dow industrials. we did move down around 25, 30 points as his comments...
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Nov 7, 2012
11/12
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the state of connecticut is called for obama. an important state there with a high profile senate race between linda mccann and representative chris murphy and the district of columbia just three electoral votes is called for president obama. >> we're waiting on florida right now florida is still too close to call. this of course is one of the t hotly contested states. florida too close to call. the polls are closed in florida. onto illinois where obama has taken illinois. as you can see there illinois is going to the president. maine also going to the president tonight. nbc news projecting president obama is the winner of maine. onto maryland where we are also seeing president obama take maryland. and that of course ten electoral votes. >> interesting. the state of massachusetts governor romney's home of course as governor at least being called for barack obama. also home to a very high profile senate race between senator scott brown and elizabeth warren of harvard. the woman who set up consumer protection bureau. mississippi is
the state of connecticut is called for obama. an important state there with a high profile senate race between linda mccann and representative chris murphy and the district of columbia just three electoral votes is called for president obama. >> we're waiting on florida right now florida is still too close to call. this of course is one of the t hotly contested states. florida too close to call. the polls are closed in florida. onto illinois where obama has taken illinois. as you can see...
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Nov 20, 2012
11/12
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that's where obama will need to go. no matter how high he raises the income tax rate it will not generate the revenue and he will end up hitting the poor. >> is he channelling an inner obama here? you hear a lot of things and see columns. many want 70, 80% tax rates. economists who want a value added tax to finance higher spending and surely mr. obama wants to raise marginal tax rates. is there an inner kreugman that is channelling obama and the second term. >> it's interesting. when obama says go back to clinton rates he means go higher than the clinton rates. and you also have to remember that obama on the campaign trail was saying just a little bit more and now he's saying 1.6 trillion, a number he never told the american people about. his tax ambitions are considerably higher. a little of what is going on is he is trying to define a left flank for obama to make him look more reasonable than other voices out there. some of it is tactical. >> i know many don't believe in the incentive model. that if you keep more of w
that's where obama will need to go. no matter how high he raises the income tax rate it will not generate the revenue and he will end up hitting the poor. >> is he channelling an inner obama here? you hear a lot of things and see columns. many want 70, 80% tax rates. economists who want a value added tax to finance higher spending and surely mr. obama wants to raise marginal tax rates. is there an inner kreugman that is channelling obama and the second term. >> it's interesting....
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Nov 2, 2012
11/12
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it could be crushed by president obama. china is the growth market for peabody. big coal company. closed $29.28. it's been a remarkable run. the weirdest rally is tech. we have seen so many disappointments in tech, we forget how much of tech goes into china. huge market. so let's just say it was enough to reverse the trend of all of those stocks. they moved higher. it was as if they reported better, not worse than expected earnings. china provided the change at the margin to make this rally happen. china, not the u.s., which everyone knows is okay, and europe is getting much worse. when you get a number that breaks the fall of a huge economy like the one we got from china i i read about in zucotti park this morning, it spells growth. that's what we got. in return, so many of the industrial and tech stocks that had looked like ugly ducklings turned into beautiful swans -- white ones at that. i don't expect them to revert to their hideous stature. the first in a long line of positive numbers. let's go to george in virginia. >> caller: hello jim. i've got some biomed. it had good ear
it could be crushed by president obama. china is the growth market for peabody. big coal company. closed $29.28. it's been a remarkable run. the weirdest rally is tech. we have seen so many disappointments in tech, we forget how much of tech goes into china. huge market. so let's just say it was enough to reverse the trend of all of those stocks. they moved higher. it was as if they reported better, not worse than expected earnings. china provided the change at the margin to make this rally...
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Nov 14, 2012
11/12
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john has a problem with obama care. many franchiz operators are going to cut hours to part-time to comply with the cost. show up to papa john's on friday with economic freedom on top. coaccording to the watchdog gro, freedom watch, growing companies are citing the healthcare law. >> if i'm forced to do this, what will i tell those people whose jobs i will have to eliminate? the cost of your plan is simply a cost that will cause us to eliminate jobs. >> all right. that principle has not gonna way. to talk more about the economic evils of the employer mandate here now is betsy mccoy. welcome back. so one of the things that we know about the questions of this election is that obamacare is going to survive and then some. tell me about the employer mandate it is the one that herman cane is talking about. it is going to cause workers their job all together. this law says that employers with 50 or more full time workers have to provide insurance. a one size, fits all, plan that costs about twice as much that many employers cur
john has a problem with obama care. many franchiz operators are going to cut hours to part-time to comply with the cost. show up to papa john's on friday with economic freedom on top. coaccording to the watchdog gro, freedom watch, growing companies are citing the healthcare law. >> if i'm forced to do this, what will i tell those people whose jobs i will have to eliminate? the cost of your plan is simply a cost that will cause us to eliminate jobs. >> all right. that principle has...
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Nov 20, 2012
11/12
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it was obama's race to lose and the president's team did a great job. they did a great job. >> he called together a coalition and ended up in a victory. he said to his supporters, he got hammered by jindal and everyone, lindsey graham said i'm going to use this line as if you're in a hole, stop digging. >> joe, that's not what he said. he said that the president provided gifts to various constituencies that allowed -- >> if you go back, immigration hispanics and joe biden did float the balloon on gay marriage. >> one of the things we agree, as bipartisanship in campaigns you try to appeal to various constituents and try to say things and provide comfort and assurances you're going to help the country grow. >> inclusive. the 47% thing didn't help. >> without the 47%, if the republicans have agreed on a single, the criminal definition of rape. >> those guys killed us. >> had they adopted a bush approach to immigration. >> where would those guys be -- >> there was one issue that any one of those things that they had done they would have appealed to a broad
it was obama's race to lose and the president's team did a great job. they did a great job. >> he called together a coalition and ended up in a victory. he said to his supporters, he got hammered by jindal and everyone, lindsey graham said i'm going to use this line as if you're in a hole, stop digging. >> joe, that's not what he said. he said that the president provided gifts to various constituencies that allowed -- >> if you go back, immigration hispanics and joe biden did...
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Nov 1, 2012
11/12
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remember when president obama was elected, he said he'd put a lot of people to work in shovel-ready job. turned out there weren't that many jobs that were ready in. the wake of sandy, i don't think there are enough shovels ready for up and down the jersey and new york coast. these jobs will be created. this destruction, estimated between $30 billion and $50 billion. i think it's going to exceed that. maybe at least get to the high end. will finally move the employment need until this country. -- in this country. just as did did in the wake of hurricane andrew. now, when we look at industries that have been hardest hit since the great recession, the one that stands out the most is the construction business. construction business is about half of what it was six years ago. the culprit, banks that are afraid to lend, excess of homes, no need for new buildings and roads. the federal government doesn't need loans from banks. the federal government can cut immediate checks to get work done. the federal government is the only entity big enough for this job. and i think the emergency nature of
remember when president obama was elected, he said he'd put a lot of people to work in shovel-ready job. turned out there weren't that many jobs that were ready in. the wake of sandy, i don't think there are enough shovels ready for up and down the jersey and new york coast. these jobs will be created. this destruction, estimated between $30 billion and $50 billion. i think it's going to exceed that. maybe at least get to the high end. will finally move the employment need until this country....
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Nov 19, 2012
11/12
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so i think a first thing to look at is actually president obama's budget. president obama's budget actually does have specific way to get to additional $1.6 trillion in revenue, people may not like it. we can have a debate around it but it goes line by line as you can get an additional $1.6 trillion in revenue. when it comes to entitlements it has an additional $300 billion in savings. health care it goes line by line. in the next several weeks my guess is we're not going to agree to all those lines. my hope is they agree to overall targets when it comes to entitlements and revenue, they may lay out a number of the ways that you'd end up reaching those targets and several months after that, that actually write the legislation. i think the danger is that when it comes to the discretionary budget, 40% of the budget that's annually appropriate, where you decide how to allocate resources annually, what they decide to do is they end up reducing that category three or five years out. they realize they don't have to make the hard decisions for three to five years
so i think a first thing to look at is actually president obama's budget. president obama's budget actually does have specific way to get to additional $1.6 trillion in revenue, people may not like it. we can have a debate around it but it goes line by line as you can get an additional $1.6 trillion in revenue. when it comes to entitlements it has an additional $300 billion in savings. health care it goes line by line. in the next several weeks my guess is we're not going to agree to all those...
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Nov 29, 2012
11/12
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obama was dissing mr. boehner on the difference between cap rates and deductions. >> i guess my other point isser skin bowls, he comes out of a white house, businessman's meeting today, and said that maybe baum will be flexible and it will only being 37%, 38%. is at that what they mean by common ground? >> i don't think that gets threw. i mean, speaker bainor, other republican leaders have laid out parameters of what republicans can't up to water. >> you only raise $68 billion next year. that's enough to fund the government for less than a week. this does not solve the problem. and you do it at the expense of economic growth, which ultimately should be the goal here. if we want to solve deficits and debt problems, get the economy growing and expanding again, that generates more revenue by comparison. >> let me just ask you a final question. what in your judgment is a key common ground concession that you as a republican -- if you were in the leadership would make to move this ball down the road snp i lot o
obama was dissing mr. boehner on the difference between cap rates and deductions. >> i guess my other point isser skin bowls, he comes out of a white house, businessman's meeting today, and said that maybe baum will be flexible and it will only being 37%, 38%. is at that what they mean by common ground? >> i don't think that gets threw. i mean, speaker bainor, other republican leaders have laid out parameters of what republicans can't up to water. >> you only raise $68 billion...
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Nov 21, 2012
11/12
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obama wrote a budget that no democrat voted for, it was that silly. it claimed savings by not occupying iraq for the next 20 years. he won a mandate not to be romney. he did not win a mandate not to raise taxes and fix the economy. >> john boehner says we can cap deductions, probably produce $400 billion coming up pretty fast. no change in tax rates. so it is not a flat tax reform but no increase in marginal tax rates. can you and your pledge, with the pledge be okay with the bay nor plan to increase revenues by capping deductions? he has not endorsed raising taxes nor did he a year ago. if you eliminate deductions now, you have destroyed the opportunity for tarx reform a year ago. they are not available to reduce tax rates. >> so you are opposed to it. it is bad for the economy and it destroyed our effort to get tax reform down the road. >> i have talked to staff and remembers and they don't need to hear it from me, they know that lower marginal tax rates are necessary for growth and the only way to get the revenue to pay down obama's debt. >> help m
obama wrote a budget that no democrat voted for, it was that silly. it claimed savings by not occupying iraq for the next 20 years. he won a mandate not to be romney. he did not win a mandate not to raise taxes and fix the economy. >> john boehner says we can cap deductions, probably produce $400 billion coming up pretty fast. no change in tax rates. so it is not a flat tax reform but no increase in marginal tax rates. can you and your pledge, with the pledge be okay with the bay nor plan...
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Nov 7, 2012
11/12
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what is obama willing -- what is obama willing to do on entitlement reform? >> i agree. >> is he -- >> he can't either probably. >> and can he deliver the house democrats. because you can't pass it just with the republican votes. >> everybody going to find religion if we do go over this fiscal cliff? >> if the president is willing to -- and i think he will be willing to find more savings in entitlements, particularly in health care, i think -- i think the house democrats will go -- >> i think it's very difficult to do that in a six-week period punctuated by thanksgiving and christmas. >> we have, i think, 34 days, working days and i don't believe congress is in session for all of those days. >> right. they are not. >> the president has the power to convene. lock them in a room, get an mou done. >> it shows leadership, which so far the president has not been willing to do in the first four years on deficit reduction. he has not brought people together. >> come on, kenny, he sat with boehner for three months -- >> and walked away. >> he didn't walk away from it
what is obama willing -- what is obama willing to do on entitlement reform? >> i agree. >> is he -- >> he can't either probably. >> and can he deliver the house democrats. because you can't pass it just with the republican votes. >> everybody going to find religion if we do go over this fiscal cliff? >> if the president is willing to -- and i think he will be willing to find more savings in entitlements, particularly in health care, i think -- i think the...
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Nov 1, 2012
11/12
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president obama surveyed the damage with chris christie yesterday. this morning kayla tausche is in toms river, seaside heights. what's it look like there? >> reporter: it's very dark here. we're at the mouth of the bridge which leads over to sea sooid heights, a road only accessible by emergency vehicles and that will be that way for the foreseeable future. but here's the state of sandy recovery in new jersey. the death toll has climbed to 14 in the garden state. nearly 2 million residents are still without power. and over 4,000 people remain in shelters here in new jersey. there's actually a big shelter here nearby in toms river. one of the onlien wog in the state that actually allows pets, so you can imagine how crowded that one is. but here recovery will be a long process. for residents who live here full-time or formerly lived here full-time, you can imagine that the first call is to fema. 2,000 representatives on the ground. and they expect fema will be able to give them more immediate help versus the longer claims process from insurance compan
president obama surveyed the damage with chris christie yesterday. this morning kayla tausche is in toms river, seaside heights. what's it look like there? >> reporter: it's very dark here. we're at the mouth of the bridge which leads over to sea sooid heights, a road only accessible by emergency vehicles and that will be that way for the foreseeable future. but here's the state of sandy recovery in new jersey. the death toll has climbed to 14 in the garden state. nearly 2 million...
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Nov 5, 2012
11/12
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you bet joe scar borough a cash charitable donation that barack obama would win. you're such a numbers guy, was it appropriate to play the political game? >> i don't going to make a comment on correct journalistic standards. it's very natural for me where you have a view or belief and think the odds are in your favor, then it's an honorable thing to put money down on it. i'm not sure if yts the new york times would agree with that point of view necessarily. >> i guess the question is, how can we trust your model. there's been so much discussion over the polls and so much subjectivity, you yourself have said that polls are subjective and you were an obama supporter in 2008. >> i think i try to provide scientific objectivity. and looking at as a math me tigs and looking at numbers in baseball and poker and other fields. i think journalistic objectivity is a more he said she said kind of thing. maybe people in that field have trouble understanding we're looking at history and math and data to guide our view of the race and that we're telling you that we might be wron
you bet joe scar borough a cash charitable donation that barack obama would win. you're such a numbers guy, was it appropriate to play the political game? >> i don't going to make a comment on correct journalistic standards. it's very natural for me where you have a view or belief and think the odds are in your favor, then it's an honorable thing to put money down on it. i'm not sure if yts the new york times would agree with that point of view necessarily. >> i guess the question...
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Nov 28, 2012
11/12
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has president obama put this s fiscal cliff plan on the table. one member of the senate says it is time for president obama to tell america what this man is. that senator is pat toomey of pennsylvania. he is going to join us here in 25 minutes. next up is the republican party about to lose it's soul and principles over the fiscal cliff debate. why is nobody talking ip t inin media about spending cuts. let's talk to brent great to see you on the show. thank you for coming. let me start with this thought. over this fiscal cliff debate. nobody is cutting spending. everybody is talking about taxes. is the gop losing it's soul and principles? >> no one is being serious in it's debate. the fellow from adi is making sound statements. but he is whistling past the graveyard. there is no problem that the obama budget calls for spending giving us a deficit of $1 trillion per year as far as the eye can see. tax cuts didn't cause this. it is spending that caused this. you go to spending. you have the cpo itself is saying the only way to do this is getting oba
has president obama put this s fiscal cliff plan on the table. one member of the senate says it is time for president obama to tell america what this man is. that senator is pat toomey of pennsylvania. he is going to join us here in 25 minutes. next up is the republican party about to lose it's soul and principles over the fiscal cliff debate. why is nobody talking ip t inin media about spending cuts. let's talk to brent great to see you on the show. thank you for coming. let me start with this...
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Nov 7, 2012
11/12
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and the obama camp spent slightly more than romney's. but can enjoy the spoils of victory, at least for tonight. romney and obama campaigns burnt through a combined total of $30 a second. $2.6 million a day. and $79 million a month during this election cycle. and a lot of that money would have flowed from wall street, but on election day, that particular district of lower manhattan is actually less important than ever. that's john carney's take. if you want to respond to that or anything else you've heard on the program, you know how. e-mail us, you can also tweet that guy. >> $79 million a month. i'm guessing that's over a two-year period? >> i guess it also works out to $400 per voter, if you assume that everyone were to turn out. so for the turnout itself, that would be an even higher tally. >> and we ended up with the status quo for all that money spent. i suppose that's one way of looking at it. >>> we just showed this. european stocks have a mild risk-on view today. there's a view now. of course, the fed won't be changing its polic
and the obama camp spent slightly more than romney's. but can enjoy the spoils of victory, at least for tonight. romney and obama campaigns burnt through a combined total of $30 a second. $2.6 million a day. and $79 million a month during this election cycle. and a lot of that money would have flowed from wall street, but on election day, that particular district of lower manhattan is actually less important than ever. that's john carney's take. if you want to respond to that or anything else...
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Nov 7, 2012
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president obama was re-elected. we keep -- kept hearing nothing could get done until this election was done. well, it is done. and now it's time to put the politics aside and make policy the priority to ensure we are all playing on team america. the only way to do that is to come together. we have a huge opportunity. the corporate sector is strong. we know that. there are estimates of $3.5 trillion in cash on corporate balance sheets right now that money can get begin to go to work once the differences over tax and spending is in the books and histly. that much money will surely gift economy a boost, especially if leads to a spurt of hiring. now we need to see the leadership make it happen. leadership often means comp prom my giving up something to get something. our leaders have an opportunity to create a clear path, that means decisions on the fiscal cliff, where will tax rates be in 2013? where will government spending be deployed and where will it be cut? in his victory speech earthquake the president said we ha
president obama was re-elected. we keep -- kept hearing nothing could get done until this election was done. well, it is done. and now it's time to put the politics aside and make policy the priority to ensure we are all playing on team america. the only way to do that is to come together. we have a huge opportunity. the corporate sector is strong. we know that. there are estimates of $3.5 trillion in cash on corporate balance sheets right now that money can get begin to go to work once the...
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Nov 13, 2012
11/12
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obama care. obama care. now, i know -- >> that's a major regulatory obstacle because if you move from 49 to 59 workers and don't have the right kind of health insurance you have to pay $2,000 per worker per year. the only way you can get out of it is by making the full-time workers part time and as a result they are going to be all these additional part-time workers for americans who want full-time jobs. it is absolutely outrage house is this why all these big companies, i mean, not just fast food companies. it is industrial companies and it is media companies and it is -- is this why they are already laying off workers? >> there are -- that's one reason. larger industrial companies that provide health insurance are going to find there are winners in ending their own health insurance and dumping their work others the exchange and paying the penalty. but it is -- low wage jobs. entry-level jobs. low-skill jobs. the kind that people need to get their foot on the first rung of the career ladder. those are reall
obama care. obama care. now, i know -- >> that's a major regulatory obstacle because if you move from 49 to 59 workers and don't have the right kind of health insurance you have to pay $2,000 per worker per year. the only way you can get out of it is by making the full-time workers part time and as a result they are going to be all these additional part-time workers for americans who want full-time jobs. it is absolutely outrage house is this why all these big companies, i mean, not just...
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Nov 6, 2012
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>> been actually better under obama. in fact, millionaires are better off today than they were four years ago or at least there are more of them a study from wealth insight showed that the u.s. added more than 1 million nairs under obama. that's 1,000 millionaires a day, or 40 millionaires an hour. now, in total there are now more than 5 million nairs in the u.s., 19 trillion in total wealth. the u.s. added more millionaires in obama's first three years than george busch created in his eight years. the obama gains are on par roughly clinton's second term, that was the big bull market earthquake the dot com boom. stock markets dried most of the growth decline in millionaires, the market rebounded in 2009 and 2010 gave us all those new millionaires, so, millionaires have done well under obama but as one of my readers wrote to me, brian, bernanke did more to create millionaires than barack obama. >> pretty much like dropping those million dollar -- >> it has. >> dollars from the sky, right? >> in order to take advantage of
>> been actually better under obama. in fact, millionaires are better off today than they were four years ago or at least there are more of them a study from wealth insight showed that the u.s. added more than 1 million nairs under obama. that's 1,000 millionaires a day, or 40 millionaires an hour. now, in total there are now more than 5 million nairs in the u.s., 19 trillion in total wealth. the u.s. added more millionaires in obama's first three years than george busch created in his...
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Nov 19, 2012
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what is president obama thinking these days? and what can we expect of the fiscal cliff negotiations? robert wolf is an outside adviser to president obama. a former president of investment banking at ubs and now ceo of the firm 32 advisers. robert, great to see you. >> great to be here, maria. >> thanks for joining us. so you are a rare breed. you're a top wall street executive, but you have a very close relationship with the president. so talk to us about this drama over the fiscal cliff. are we still in the positive touring stage? how does this play out? >> i hope it plays out with a deal. i would have probably put it around 80% a deal. but i would have sliced it this way. i would say 50% of that 80 is that they come up with, like, $60 billion. which is six months of the ten years of the $1.2 trillion sequester. >> okay. >> okay? >> so that's a drop in the bucket. >> a drop in the bucket. so you could do that. and is that would also i would think if you're doing that, you would have to say, okay, and we're going to pass the de
what is president obama thinking these days? and what can we expect of the fiscal cliff negotiations? robert wolf is an outside adviser to president obama. a former president of investment banking at ubs and now ceo of the firm 32 advisers. robert, great to see you. >> great to be here, maria. >> thanks for joining us. so you are a rare breed. you're a top wall street executive, but you have a very close relationship with the president. so talk to us about this drama over the fiscal...
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Nov 30, 2012
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i think that makes obama herbert hoover obama. he can't take a second recession and it would blow him out of the water. i think that's why the republicans have more leverage than they think. >> that's absolutely true. >> you buy that? >> more importantly there are three other reasons you should be able to get to an agreement. speaker boehner nose knows we need an agreement. three, this is the rare period in american politics where you can have governance with less politics. number four, you have a forcing mechanism. that happens very rarely, so those -- all those factors come together. i believe one of these weekends the president and speaker will get in a room and desire this things. >> we were there in the summer of 2011. we were there. i'm not saying it was i had k58, but the speaker and the president were very, very close. last question, judd gregg, why do you think it will work this time when it didn't work in the summer of 2011? >> this is the advantage of both sides to govern. we're note leading up to an election. >> it's b
i think that makes obama herbert hoover obama. he can't take a second recession and it would blow him out of the water. i think that's why the republicans have more leverage than they think. >> that's absolutely true. >> you buy that? >> more importantly there are three other reasons you should be able to get to an agreement. speaker boehner nose knows we need an agreement. three, this is the rare period in american politics where you can have governance with less politics....
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Nov 6, 2012
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the reason michael bloomberg endorsed obama is because he thinks obama will do more to prevent climate change. and there lies the difference between the two men and what would change if obama is defeated tomorrow. you see, romney doesn't talk about renewables as much as he talks about the need to become energy self-sufficient in north america by producing and using more fossil fuels. he knows how irrelevant renewables really are to self-sufficiency within our lifetime. i bet you offline he thinks it's a cynical gambit. a romney administration will immediately give the boot to the anti fossil fuel ideologues in the epa, which will make so it that we don't need to commit to making coal plants 100% free. that's why you should buy peabody, arch and aep real fast. if you actually think that romney is going to win. then you can expect that we'll immediately exploit federal lands for more drilling, which is a reason to buy halliburton and schlumberger. it won't mean as much to them. the natural gas stocks, i think they'll actually rally quickly under the perception that romney will go less so
the reason michael bloomberg endorsed obama is because he thinks obama will do more to prevent climate change. and there lies the difference between the two men and what would change if obama is defeated tomorrow. you see, romney doesn't talk about renewables as much as he talks about the need to become energy self-sufficient in north america by producing and using more fossil fuels. he knows how irrelevant renewables really are to self-sufficiency within our lifetime. i bet you offline he...
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Nov 5, 2012
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should obama take credit for apple's huge run? by the same token, the romney surge began when apple was in the 700s. does that mean romney is gunning for apple? seems pretty stupid if you ask me. this is about management, raw brain power and product differentiation, not politics. somehow, maybe someone can conclude that obama's been terrible for yahoo!. it dropped from 27 to 17. google is up fractionally over the last five years. again, ridiculous, irrelevant. how about retail. this is interesting because you could certainly claim that because of, say, unemployment that obama is involved with, that obama has been terrible for the consumer. when you consider jcpenney, radio shack, sears, best buy. it declined 57%, 88%, 69% respectively. but it's been the age of walmart, home depot and costco during the last four years. home depot advanced from 29 to 62. maybe the obama administration has made the consumer schizophrenic. or much more likely, perhaps walmart, home depot and costco are just better run, especially when you consider the
should obama take credit for apple's huge run? by the same token, the romney surge began when apple was in the 700s. does that mean romney is gunning for apple? seems pretty stupid if you ask me. this is about management, raw brain power and product differentiation, not politics. somehow, maybe someone can conclude that obama's been terrible for yahoo!. it dropped from 27 to 17. google is up fractionally over the last five years. again, ridiculous, irrelevant. how about retail. this is...
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Nov 7, 2012
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>> well, i think it's not just obama. i think it's also the fact that we still have a republican-controlled house. so i think, you know, a lot of business people f you scratch below the surface, will find we're anti-bipartisanship and pro-gridlock. i think having a republican house is a good counterbalance. it's what we've been living with. i think we're going to be fine. >> in terms of the most recent patent laws that were put in place, are you comfortable with what's going on in terms of patents and the technology sector? >> well, i mean, in general there's too much regulation. in general there's too much regulation across a number of critical areas. patents is one. it would be good to roll back a lot of the regulation in a lot of these areas and unlock innovation and competition and make it possible for people like me to make more investments. if we're not going to be able to roll back the regulation, let's prevent more to have from being put in place. i think having a republican house is going to be helpful on that. >
>> well, i think it's not just obama. i think it's also the fact that we still have a republican-controlled house. so i think, you know, a lot of business people f you scratch below the surface, will find we're anti-bipartisanship and pro-gridlock. i think having a republican house is a good counterbalance. it's what we've been living with. i think we're going to be fine. >> in terms of the most recent patent laws that were put in place, are you comfortable with what's going on in...
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Nov 5, 2012
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obama is elected. he wants to spend money on the infrastructure, and caterpillar has actually done pretty well over the past month, given that the market, the broader market has not done particularly well, and that b-to-b, at least as far as asia is concerned isn't doing particularly well. if you want to spend money and create jobs, then taking the politics out of it, probably the way to do it is infrastructure. and god knows the northeast is going to need plenty of infrastructure spending over the next couple of years. so i think caterpillar does really well if mr. obama is reelected, for more on the question of which candidate will be better for the markets, let's bring in the chief economist at cibc world markets. welcome, avery, to the show. and the conventional thinking is that obama is better for bonds, romney better for stocks. do you agree? >> i think that's the one-day knee-jerk reaction. but i think knee-jerk reactions can be wrong. you know, attend of the day, what equities really need is gr
obama is elected. he wants to spend money on the infrastructure, and caterpillar has actually done pretty well over the past month, given that the market, the broader market has not done particularly well, and that b-to-b, at least as far as asia is concerned isn't doing particularly well. if you want to spend money and create jobs, then taking the politics out of it, probably the way to do it is infrastructure. and god knows the northeast is going to need plenty of infrastructure spending over...
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Nov 16, 2012
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in the first term, president obama on the stimulus package and on obama care, there was no compromise. there was no reaching across the aisle. do you believe, sir, that in the second term president obama will change and will find common ground with republicans? >> well, larry, i'm an optimist. i believe that you need to give people a chance, you need to tell them you support them and then you need to hold them accountable. that's why i felt that i needed to send that message off to the president and to my representatives, really telling them that time is now. we can't wait any longer. we've got to do something. i'll support you, but i'll also hold you accountable and watch that it's happening. >> i want to have the same positive view you do, second term, clean slate, et cetera, et cetera. so when he read your letter with your very clear message about compromise and common ground between the two parties, do you think, steve, that he was sending a message -- sometimes presidents speak metaphorically, sometimes they speak symbol symbolically. do you think he was sending that message to t
in the first term, president obama on the stimulus package and on obama care, there was no compromise. there was no reaching across the aisle. do you believe, sir, that in the second term president obama will change and will find common ground with republicans? >> well, larry, i'm an optimist. i believe that you need to give people a chance, you need to tell them you support them and then you need to hold them accountable. that's why i felt that i needed to send that message off to the...
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Nov 27, 2012
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the author of "get rich from obama" joins us. rebecca, i want to ask you, i'm kind of looking for optimism because i think the consumer spending numbers are pretty good. housing numbers are improving, but you do have this whacked out fiscal cliff. where do you stand on all of this? >> i think washington has the ability to give this economy momentum, new home sales are ticking higher and consumer confidence now at a five-year high, kind of amazing, so we have everything in place. just need to get rid of this congressional question mark overhanging everything, and then i think we could actually have an okay year next year. >> are you worried about business. the starry last week in "the journal" is how business investment was collapsing and capital goods have been falling and we're going to get a capital goods/durable goods report out tomorrow. if business doesn't invest they won't hire jobs and if they don't hire new jobs they won't have income to spend. what's your quick thought on that? >> i agree. it's a chicken and an egg. if t
the author of "get rich from obama" joins us. rebecca, i want to ask you, i'm kind of looking for optimism because i think the consumer spending numbers are pretty good. housing numbers are improving, but you do have this whacked out fiscal cliff. where do you stand on all of this? >> i think washington has the ability to give this economy momentum, new home sales are ticking higher and consumer confidence now at a five-year high, kind of amazing, so we have everything in place....
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Nov 22, 2012
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this is obama's economy. this is obama's issue. if obama wants it pass that in the house, he has it find a group of republicans that will peel off from the rest of the republicans and good along with the democrats it pass this other stuff. but otherwise, i don't see any incentive in the president's part to not extend a large portion of the tax cuts if he can. i don't think he ever wants it see the whole thing go over the cliff. >> i mean, you have to remember that he does -- as you guys have both suggested, he does want to extend a large portion of the tax cuts. that's 98% of them. it's the top 2% of house holds, that not only he, but a majority of the lek electorate and and the polls, and a nonpartisan poll keeper says in the 2013 if the top two rates expire, we are talking about a tenth of a percent on gdp. isn't that worth the cost of getting on a bitter budget path, guys? work with me here. >> jared, come on, help me here. these people you are raising taxes on are job creators. this is the worst group you could raise tax rates
this is obama's economy. this is obama's issue. if obama wants it pass that in the house, he has it find a group of republicans that will peel off from the rest of the republicans and good along with the democrats it pass this other stuff. but otherwise, i don't see any incentive in the president's part to not extend a large portion of the tax cuts if he can. i don't think he ever wants it see the whole thing go over the cliff. >> i mean, you have to remember that he does -- as you guys...
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Nov 1, 2012
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romney, obama, tied at 49%. so joining me now for an exclusive interview is governor scott walker, republican from wisconsin. governor walker, as always, sir, welcome back to the "kudlow report." we appreciate it. they're tied at 49% which is something of a surprise. the republicans strnts taken the state of wisconsin in a presidential election since 1492. so how does it look, how do you see it right now? >> well, i was out in green bay, wisconsin nearby where the president was today. i've been all over the state the last couple days. momentum is clearly on our side. and you expect that out of somebody advocating for candidates, but i've really seen it. we made 4.5 million voter contacts leading up to the june 5th election. we won by a bigger mar begin than we did in 2010. and that basis of support hasn't let up, that converted over to mitt romney, it got inspired when paul ryan was added to the ticket. but most importantly, the day after mitt romney had that impressive first debate in denver, we saw the phone l
romney, obama, tied at 49%. so joining me now for an exclusive interview is governor scott walker, republican from wisconsin. governor walker, as always, sir, welcome back to the "kudlow report." we appreciate it. they're tied at 49% which is something of a surprise. the republicans strnts taken the state of wisconsin in a presidential election since 1492. so how does it look, how do you see it right now? >> well, i was out in green bay, wisconsin nearby where the president was...
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Nov 9, 2012
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you know, in the debate between mitt romney and barack obama, obama laid out this notion that somehow romney was not in favor of any more revenues and romney debunked that and said, look, we're in favor of revenues, and i think he was largely speaking for the republican party at that point. we're in favor of more revenues. the ryan budget, for example, had revenue assumptions in it. so i think what's got to happen is that both sides have to let the other team take a victory lap. let republicans come into this debate where we keep tax rates low and reasonable and predictable and drive toward tax reform next year. democrats can come into the debate and claim a victory and say, well, we're interested in more revenues. the key is, can we get to these underlying situations and that is entitlement reform. that's where the action is. >> okay. but how realistic is it to postpone or extend everything for a year? as i understand it, this was in the "wall street journal" editorial page this morning and i've heard this elsewhere, that mr. boehner would like to just extend the tax cuts and i don't
you know, in the debate between mitt romney and barack obama, obama laid out this notion that somehow romney was not in favor of any more revenues and romney debunked that and said, look, we're in favor of revenues, and i think he was largely speaking for the republican party at that point. we're in favor of more revenues. the ryan budget, for example, had revenue assumptions in it. so i think what's got to happen is that both sides have to let the other team take a victory lap. let republicans...
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Nov 6, 2012
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the biggest thing is whether or not it is obama or romney h the market believes an obama victory is positive to bonds, from an economic standpoint, the mark it's opinion, not mine necessarily, well it is actually, but they are saying that it will be a hire regulatory environment and tax environment for corporations and a little bit of a slower recovery, therefore, you need the safety of bonds a little bit more a romney win would be the opposite. i think that's bigger factor than supply, although supply always has that kind of a constant weighing effect. >> right. right. all right, jim, thank you so much. appreciate it. >> thank you, sue. >> see you soon. >>> in the next hour, obama stocks versus romney stocks. we are going to check our exclusive cnbc port foal grows see hot market's banking on and whether you should, too. we will be right back. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wa
the biggest thing is whether or not it is obama or romney h the market believes an obama victory is positive to bonds, from an economic standpoint, the mark it's opinion, not mine necessarily, well it is actually, but they are saying that it will be a hire regulatory environment and tax environment for corporations and a little bit of a slower recovery, therefore, you need the safety of bonds a little bit more a romney win would be the opposite. i think that's bigger factor than supply,...
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Nov 14, 2012
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he gives president obama the upper hand. but robert friedman who negotiates mna deals says republicans stand to be the winners. thank you so much for joining us. robert, is it smart negotiating by president obama to now double the amount he wants to raise in tax revenue? is this a scare tactic? >> i think it's brilliant negotiation, really, maria. i think as far as the art of negotiation, which is the topic you introduce, i think there are two keys. one is, do you have leverage over the other side? here it's uncertain who has leverage over whom. if to you don't have leverage, the issue is you got to make the other guy feel good. one way to make the other side feel good is to think that -- is to make the other side think you're giving them something. president obama starting at $1.6 trillion, he's got a lot to give. he's got a lot to make the republicans feel to make john boehner feel that he has put a lot on the table, that he's given up a lot and you ought to be happy because i came down from $1.6 trillion to, let's say, $1
he gives president obama the upper hand. but robert friedman who negotiates mna deals says republicans stand to be the winners. thank you so much for joining us. robert, is it smart negotiating by president obama to now double the amount he wants to raise in tax revenue? is this a scare tactic? >> i think it's brilliant negotiation, really, maria. i think as far as the art of negotiation, which is the topic you introduce, i think there are two keys. one is, do you have leverage over the...
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Nov 9, 2012
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remember one thing that president obama said when he was candidate obama last time. he said during a recession is never the time to raise rates on anybody. so do you not want to raise rates either just by the number going up or by effective rates -- >> of course the congress at budget office yesterday saying if we go over the fiscal cliff, that we will go into effectively another recession. and unemployment will go up. scott garrett, final thought. >> i would say we've already gone over one fiscal cliff. what's coming on january 1 is not a cliff but a wall of higher tax rates. we've already gone over the fiscal cliff of spending already by this administration. >> congressman garrett, thank you very much. sue? >>> the dow jones industrial average has now moved into negative territory. we are down about ten points on the dow jones industrial average. where's the money going? well, marginally it is going into the gold market. gold prices are closing right now. i think about a $5 gain there. sharon epperson is track being the action at the nymex. >> gold is above $1,730
remember one thing that president obama said when he was candidate obama last time. he said during a recession is never the time to raise rates on anybody. so do you not want to raise rates either just by the number going up or by effective rates -- >> of course the congress at budget office yesterday saying if we go over the fiscal cliff, that we will go into effectively another recession. and unemployment will go up. scott garrett, final thought. >> i would say we've already gone...
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Nov 9, 2012
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i never said i would fire anybody if president obama got re-elected. what i did say, that if it gets to the point where doing business is so hard on me, i will seriously think of retirement, and of course that would cause the company to further decrease its sales and opportunities. the company will always be there. we have 10,000 villas at 27 resorts in 11 states. they'll always be serviced. there will always be people to check people in, maintain the units. it's just that our sales will cease to continue. >> by the way, would everybody have gotten a raise if romney were elected this week? >> everyone would have gotten a raise regardless of who was elected. two weeks ago i called my entire staff together. i said, i want to double sales this coming year, figure out how we can do it. i still plan to have that same target of doubling sales. however, i am not going to take the risk that is necessary to do it, but i'm going to keep our goals -- i'm going to try to turn lemons into lemonade. hopefully i'll be successful in doing it. >> all right. good luck w
i never said i would fire anybody if president obama got re-elected. what i did say, that if it gets to the point where doing business is so hard on me, i will seriously think of retirement, and of course that would cause the company to further decrease its sales and opportunities. the company will always be there. we have 10,000 villas at 27 resorts in 11 states. they'll always be serviced. there will always be people to check people in, maintain the units. it's just that our sales will cease...
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Nov 15, 2012
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barack obama is not interested in compromise. keith, you just contradicted yourselves. >> mitch mcconnell has been the guy out there saying it, and all republicans are not willing to have any new tax increases. >> that's not true. there's a difference between raising revenues and raising taxes. >> no, i said tax increases, though. tell me, am i wrong about that, steve? >> no, you are wrong. >> when did he say differently? >> look, i interviewed him this week. he said it many times. he said it on the senate floor. we're willing to compromise on raising taxes. that's something that a lot of republicans aren't real happy with, but he said look, i'm willing to put revenues on the table. but what he's saying, keith, let's be very clear. >> you're saying revenue. i'm saying tax increases. >> right. >> the bush tax rates -- no, i'm talking about bush tax rates. they expire on december 31st contin. >> that's what republicans won't agree to. the answer is no, we're not going to let those rates go up because it's going to do significant da
barack obama is not interested in compromise. keith, you just contradicted yourselves. >> mitch mcconnell has been the guy out there saying it, and all republicans are not willing to have any new tax increases. >> that's not true. there's a difference between raising revenues and raising taxes. >> no, i said tax increases, though. tell me, am i wrong about that, steve? >> no, you are wrong. >> when did he say differently? >> look, i interviewed him this week....
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Nov 9, 2012
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. >>> plus what will obama do about the looming fiscal cliff? we'll have plenty of analysis from commentators. >> and we'll hear first from the cfo of aliance. but first day two data suggested growth is picking up and inflation is moderating meaning beijing may have more scope to ease if necessary. ppi industrial output and retail sales all came in better than forecast. eunice joins us from beijing. i'd hate to suggest this is quite good timing for this data. very convenient. >> what are you suggesting? a lot of people are saying that the numbers are showing the economy is bottoming out and a lot of people do use the numbers as a guideline at least. they're saying the investment figures were encouraging. looking relatively strong. the government hasn't put up of much money in the infrastructure projects, so that's part of the equation here. other part is retail and consumption side actually look pretty good. numbers came in at 14.5% growth and that beat expectations. a lot of that was because people are buying more food as well as automobiles. n
. >>> plus what will obama do about the looming fiscal cliff? we'll have plenty of analysis from commentators. >> and we'll hear first from the cfo of aliance. but first day two data suggested growth is picking up and inflation is moderating meaning beijing may have more scope to ease if necessary. ppi industrial output and retail sales all came in better than forecast. eunice joins us from beijing. i'd hate to suggest this is quite good timing for this data. very convenient....
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Nov 28, 2012
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of course, following the bullish comments from president obama. not all stocks ended the day in the green. let's look at the laggards on the s&p. you have a lot of names that aren't really a surprise to be there. avon, r.r. donnelly. those are your top five losers on the s&p. it you look at the flip side, you have a lot of consumer names. the costcos, jcpenneys and coaches as well. finally, i want to take a look at the banking index. that ended on the highs of the day along with the overall market. we should watch for paul volcker tomorrow on some news potentially about how that regulation is actually going to shape up today. >> thank you, kayla. all right. groupon a big winner today, up 11%. the report says the board is looking to replace the ceo, andrew mason. today, mason spoke out about that report. it was interesting to say the least. julia boorstin has the details. >> that's right. interesting to say the least. ahead of a board meeting tomorrow, groupon ceo andrew mason took the stage at the business insider ignition conference to give a fra
of course, following the bullish comments from president obama. not all stocks ended the day in the green. let's look at the laggards on the s&p. you have a lot of names that aren't really a surprise to be there. avon, r.r. donnelly. those are your top five losers on the s&p. it you look at the flip side, you have a lot of consumer names. the costcos, jcpenneys and coaches as well. finally, i want to take a look at the banking index. that ended on the highs of the day along with the...
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Nov 6, 2012
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are markets right to believe an obama win? >> there are several factors obviously the past week with hurricane sandy has galvanized several voters in the way the president handled the crisis. it's really motivated many democrats and independents to really come out and rejuvenate sort of the vote. and i think -- i don't know if i'd put it as high as nate silver, but do i think that it bodes well for the president today. >> how important is the turnout, how much do you think the weather has had on hurricane sandy? >> turnout is always key. we can project -- we have been projecting these things and debating them for the past few months, but it all boys down to today. and i think that the situations of the united states especially in the northeast corridor are definitely voted to do so. granted there will be some individuals who just won't be able to because they aren't in their district, they no longer have homes and they're dealing with much larger issues. but i think those that are able to vote will definitely come out and vote
are markets right to believe an obama win? >> there are several factors obviously the past week with hurricane sandy has galvanized several voters in the way the president handled the crisis. it's really motivated many democrats and independents to really come out and rejuvenate sort of the vote. and i think -- i don't know if i'd put it as high as nate silver, but do i think that it bodes well for the president today. >> how important is the turnout, how much do you think the...
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Nov 10, 2012
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obama can let the tax cuts expire. my guess is he'll start talking immediately, maybe next week about proposing, you know, sustaining the tax cuts for everybody except the top 2% and he can let the tax cuts expire and do the same thing and then republicans will try to essentially block a tax cut for '98% and 99% of the american people and the only choice is how he chooses to approach the debt limit and obama would be a fool if he lets them use it the same way. my bet is if the white house faces the clinton option and the debt limit's unconstitutional and we're lifting it, if you don't like it, see you in court. >> how long, do you think, we're in early november. how long do you think this era of compromise and common ground will last? >> i think that any deal isn't going to happen until the last hours of december. so, and it's going to be a short term deal and i would bet that they are looking for a way to kick the can down the road again rather than taking up the big issues in the short period of time. >> in that sens
obama can let the tax cuts expire. my guess is he'll start talking immediately, maybe next week about proposing, you know, sustaining the tax cuts for everybody except the top 2% and he can let the tax cuts expire and do the same thing and then republicans will try to essentially block a tax cut for '98% and 99% of the american people and the only choice is how he chooses to approach the debt limit and obama would be a fool if he lets them use it the same way. my bet is if the white house faces...
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Nov 14, 2012
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after all, if you are president obama, you believe the election is over and your campaign received a ringing endorsement. but if you are a republican, you have to believe that those republicans that do not want to rise above politics are banking on massive declines in spending to wreck the economy. if you are a republican, in permanent campaign mode, i'm sure one of your advisers is saying that going off the fiscal cliff might be the best thing in terms of the midterm election. worse, if you are a democrat, you might think the defense spending cuts could be coming and you might think that is good. there is a sense that those who want to stymie the president are going to be targeted by other politicians, business people, and yes, they will be targeted by us. you stand in the way of a deal, your principle is greater layoffs and lower standards of living and your principle is lower stock prices. the pressure of the business people putting on the government you get a deal spearheaded by our guest dave cote is greater than anything i have seen in our life and it is growing. that is why th
after all, if you are president obama, you believe the election is over and your campaign received a ringing endorsement. but if you are a republican, you have to believe that those republicans that do not want to rise above politics are banking on massive declines in spending to wreck the economy. if you are a republican, in permanent campaign mode, i'm sure one of your advisers is saying that going off the fiscal cliff might be the best thing in terms of the midterm election. worse, if you...
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Nov 30, 2012
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he has the opportunity to turn whatever package gets done into the obama growth plan or the obama deficit reduction plan and own it and embrace it, and he's not doing that. it is very typical of his leadership. >> the president feels that's why he was re-elected, because this is exactly what he's been running on, this program that he's now proposing here. >> as maria pointed out earlier, he was at $800 billion in revenue. we could with get to a deal quickly. >> why are we so focused on taxes and revenue? let's focus on spending cuts. what's your take on where to cut? seth, moments ago you said, you know, you can't put a knife to some of these entitlement programs. so what are we trying to do here? are we trying to get our arms around the debt and deficits? are we trying to create jobs? what's the goal of this whole charade? >> both. i wouldn't call it a charade. in the near-term, we're trying to keep this recovery going. that's why the payroll tax holiday extension is so needed and the small amount of new investments and unemployment insurance in the president's offer. that has to be bala
he has the opportunity to turn whatever package gets done into the obama growth plan or the obama deficit reduction plan and own it and embrace it, and he's not doing that. it is very typical of his leadership. >> the president feels that's why he was re-elected, because this is exactly what he's been running on, this program that he's now proposing here. >> as maria pointed out earlier, he was at $800 billion in revenue. we could with get to a deal quickly. >> why are we so...
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Nov 12, 2012
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>> well, i think that's what's in effected going to effectively happen with obama care. i mean, you know, you're going to have a 3.8% surtax. i don't know. we'll see. maybe they'll kick the can down the road and we'll become greece. i don't know. >> oh, god. you have -- wow. robert, jump in here, from jensen investment management. i don't know if you heard that question. i've been asking everybody, given the fact dividend payers have been the only place to be because rates are so low and no place in this market to get a yield, unless dividend payers, is now time to unload them or do you want to stick with it and see what happens? >> our focus is different in the sense we continue to focus on companies that have higher return on invested capital. the r.o.e. that sets the stage for companies with strong balance sheets, dividend, share buy backs and then the acquisition. the companies with the higher return for at least one decade, are that they can do all these thing concurrently. we don't think you necessarily have to choose. now, certainly the tax impact will have some b
>> well, i think that's what's in effected going to effectively happen with obama care. i mean, you know, you're going to have a 3.8% surtax. i don't know. we'll see. maybe they'll kick the can down the road and we'll become greece. i don't know. >> oh, god. you have -- wow. robert, jump in here, from jensen investment management. i don't know if you heard that question. i've been asking everybody, given the fact dividend payers have been the only place to be because rates are so...
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Nov 7, 2012
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obama won. now, you're going to have to reconcile that in order to get anything done. >> we've got to go to ohio because, you know, here we are hearing that the romney campaign is contesting this. this win out of ohio. >> not conceding. >> not conceding, not conceding, pardon me. let's get to scott cohn, live, i want to get the flavor live on the ground in ohio. scott, what can you tell us? >> reporter: first of all when ohio is the state that put romney over the top as many suggested, you get the reaction from the very pro-obama crowd here. but let me take you through what the issue is with ohio and why, perhaps, the romney camp is not conceding it yet. the two candidates with the raw vote totals now, about 75% of the raw votes in, separated by about 30,000 votes. that's not enough when you start figuring in the provisional ballots. remember we talked about 200,000 provisional votes that -- provisional votes likely to be counted. they start count of that in ten days. here's the thing the obama
obama won. now, you're going to have to reconcile that in order to get anything done. >> we've got to go to ohio because, you know, here we are hearing that the romney campaign is contesting this. this win out of ohio. >> not conceding. >> not conceding, not conceding, pardon me. let's get to scott cohn, live, i want to get the flavor live on the ground in ohio. scott, what can you tell us? >> reporter: first of all when ohio is the state that put romney over the top as...
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Nov 7, 2012
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president obama did nine rallies. governor romney held ten rallies, spent $131 million just in television ad campaigns. so again, this state running very close right now. this is going to take a couple more hours. back to you. >> as you point out, diana, the new virginia is different from the old virginia. nbc news, let's recap right now, has projected that mitt romney is the winner in the state of indiana. and there you see 11 electoral votes in the romney column. nbc news also projecting mitt romney the winner in the state of kentucky with 8 electoral votes based on 5% of the polling data in. president obama is the projected winner in vermont as expected. that is 3 electoral votes. >> we still have too early to call in georgia according to nbc news, that is the same case in south carolina, too early to call, and in virginia, it is too close to call according to nbc news. so again, we are waiting on virginia and you mentioned a great point because virginia has been obama territory for so long. >> it was in the last e
president obama did nine rallies. governor romney held ten rallies, spent $131 million just in television ad campaigns. so again, this state running very close right now. this is going to take a couple more hours. back to you. >> as you point out, diana, the new virginia is different from the old virginia. nbc news, let's recap right now, has projected that mitt romney is the winner in the state of indiana. and there you see 11 electoral votes in the romney column. nbc news also...
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Nov 8, 2012
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that's one i know president obama has talked about. tim geithner has been adamantly opposed to that. you think that's going to happen, jared? >> first of all, the president has a plan to go down to 28%. it does not include territorial. i don't think we're going to go there. nor is anyone interested in repatriation. i would like diana to actually specify -- this is not a got ya. we can talk about this broadening the base. i would like her to specify loopholes that she would like to see closed. >> are you talking about individual or corporate? >> yeah, on the individual side. >> on the individual side i would suggest that people have a certain amount of deductions they can take and they can choose how to do it. so say we say it's $25,000 or $70,000 or $30,000. they can choose do they want to put home mortgage in there, do they want to put charitable dedd deductions in there. then we limit it that way instead of saying we're going to get rid of the charitable contributions. >> i think that's a good idea. >> so we agree on something, jared
that's one i know president obama has talked about. tim geithner has been adamantly opposed to that. you think that's going to happen, jared? >> first of all, the president has a plan to go down to 28%. it does not include territorial. i don't think we're going to go there. nor is anyone interested in repatriation. i would like diana to actually specify -- this is not a got ya. we can talk about this broadening the base. i would like her to specify loopholes that she would like to see...
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Nov 9, 2012
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i hope that president obama, you know, works on that. i think he has been working on that. >> and you've been traveling a lot. i know technology has been important as well. i want to get to that in a moment. you mentioned the fiscal cliff. let's stay there for a moment. what are the implications of going over the fiscal cliff. you've been vocal on this subject. you created a task force. you've take an lead in terms of fixing the debt. what are the implications of going off that fiscal cliff? >> let's separate the two. jpmorgan is one of a couple hundred companies getting involved in fix the debt. it's everybody. there's the long run. so fix the debt is more like a simpson-bowles solution. we need a solution. business generally has been supportive of a solution that fixes the problem. we just want a rational, thoughtful solution. the immediate one is this cliff, which is december 31st, midnight, $600 billion. a static analysis, which says the economy dropped by 3 or 4%. the world isn't static. before december 31st, you might see the effec
i hope that president obama, you know, works on that. i think he has been working on that. >> and you've been traveling a lot. i know technology has been important as well. i want to get to that in a moment. you mentioned the fiscal cliff. let's stay there for a moment. what are the implications of going over the fiscal cliff. you've been vocal on this subject. you created a task force. you've take an lead in terms of fixing the debt. what are the implications of going off that fiscal...
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Nov 5, 2012
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i would expect some tax increases if obama gets elected. but i think they'll be reasonable and as long as they avoid the fiscal cliff or make the pain of the fiscal cliff much less than it is if it just expires. i think the market will take that positively. >> fred, thank you very much for your insight on that matter. >>> most polls are saying obama will be re-elected. well, the romney camp is confident it will pull an upset. does anyone really know? john harwood is here with his crystal ball. i don't know how accurate it is. seems nothing could really know right now. >> all we have is the polls and the polls can be flawed. they are going in a similar direction. we've seen that the battleground in this country election has been narrowed substantially. we only have about nine states where candidates have been focusing on. within those nine states, you have some swing counties that have gotten a tremendous amount of attention. i want to just throw of three of those counties. start with prince williamnty in virginia. right outside of washingto
i would expect some tax increases if obama gets elected. but i think they'll be reasonable and as long as they avoid the fiscal cliff or make the pain of the fiscal cliff much less than it is if it just expires. i think the market will take that positively. >> fred, thank you very much for your insight on that matter. >>> most polls are saying obama will be re-elected. well, the romney camp is confident it will pull an upset. does anyone really know? john harwood is here with his...
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Nov 6, 2012
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obama. >> i saw some obamas. >> thank you. 7:00. you and carl will be getting us through until we know who won. >>> when we come back the election and the fiscal cliff, the chairman and ceo of pmc will be joining us with his advice on how to avoid the big plunge. the fiscal cliff can't be allowed to sustain itself. we have now just driven the debt position up in the country. if the fed hadn't been buying all of the securities interest rates would be much higher. the annual deficit would be much higher. i think we can't allow that from the point of view of our children we can't allow the debt to continue. i would hope washington understands that. >> we are going to leave it there. appreciate you coming on this evening. we hope to see you in the morning one of these days soon. >> you hear the music and that could only mean one thing. jim cramer is making his way to the set. i never knew -- i heard the old cramer say cramerica. he will have the sectors on the move. a special edition of "squawk box" after this. ♪ ♪ ♪ [ male announ
obama. >> i saw some obamas. >> thank you. 7:00. you and carl will be getting us through until we know who won. >>> when we come back the election and the fiscal cliff, the chairman and ceo of pmc will be joining us with his advice on how to avoid the big plunge. the fiscal cliff can't be allowed to sustain itself. we have now just driven the debt position up in the country. if the fed hadn't been buying all of the securities interest rates would be much higher. the annual...